Two major bond rating agencies are keeping the City of Cincinnati’s bond ratings the same, but one of them has upgraded its financial outlook for the city.

Cincinnati officials said in a press release Tuesday that Moody’s Investors Service reaffirmed the city’s general obligation bond rating of “Aa2.” But Moody’s moved its financial outlook for the city from the negative category to stable.

Update: 1:29 p.m. Arena officials aren't saying how much the project could cost, nor are they laying out a timeline. Nederlander Entertainment CEO Ray Harris says funding talks are underway with Cincinnati, Hamilton County, and the Port Authority. "It's obviously got to be a private/public partnership and we're trying to figure that out with them," he says.

A group that wants to preserve the Cincinnati buildings where James Brown and other musicians recorded snagged a victory Monday. The city's Historic Conservation Board sided with supporters by approving the first step toward giving the King Records buildings in Evanston a historic designation.